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Old 03-30-2012, 04:03 AM
  #15  
ChristinaHall
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Join Date: Apr 2011
Location: Mineral Wells,WV
Posts: 106
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I have been doing taxes for many years now. If one starts a biz and can not show a profit in less than 5 years it becomes a hobby! The IRS does not care if that Biz is construction or quilting they just will not let u keep showing a lose on your tax return. With that said buy the time u take all the deductions for your materials & the depreciation on a $15,000.00 plus dollars for a long arm. Unless u are putting out 2 quilts a day I would have no idea on how you could make any money!
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